SPCS rules?

Am I reading this wrong? It says: A team that finishes 1st or 2nd at any event will be moved up a division for the next series. The series winners even if they don't have a 1st or 2nd place finish will be moved up for the next series, yet those teams are signed up for rookie again?

Yes this is how it is:
If you place 1st or 2nd at a single event you move up to the next division the next series.
If you place 1st or 2nd as series winners you move up to the next division the next series.

Am I reading this wrong? It says: A team that finishes 1st or 2nd at any event will be moved up a division for the next series. The series winners even if they don't have a 1st or 2nd place finish will be moved up for the next series, yet those teams are signed up for rookie again?